Currency "Majors" Showed a Variety of Trends

Yesterday, the major currency pairs showed mixed results. The US dollar moved away from the local highs. Despite positive economic reports, the dollar index (#DX) closed the trading session in the negative zone (-0.36%). The number of initial claims for unemployment benefits for the past week decreased by 8.1% to 259.000. In September, the index of manufacturing activity from the Federal Reserve Bank of Philadelphia increased from 18.9 to 23.8. Market expectations were at the level of 17.2.

The largest decrease was demonstrated by the AUD/USD currency pair. The Australian dollar weakened against the US dollar by more than 1.2%. Chairman of the Reserve Bank of Australia Philip Lowe said that the regulator will not rush to raise the interest rate. The current rate of monetary policy ensures stable economic growth and employment.

At the moment, oil quotes are consolidating. Futures for the WTI crude oil are being traded in the range of $50.50-50.75 per barrel.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer,
and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.